Swiss stock exchange operator SIX has taken a stake in Omniex, a California-based crypto trading platform.
Details regarding the deal value or the size of the stake acquired were not revealed.
SIX believes that the tie-up will provide the firm a gateway to crypto exchanges and over the counter (OTC) market makers, offering new business opportunities.
SIX Securities & Exchanges head Thomas Zeeb said: “With SDX as the digital exchange infrastructure in development, the collaboration with Omniex to deliver the front end for clients, both for existing crypto currencies, as well as in future for SDX-listed assets, is an important addition to the digital ecosystem.”
Operating for around two years, Omniex offers an institutional-grade investment and trading platform for digital assets.
Omniex CEO and co-founder Hu Liang: “Together with SIX we aim to offer an end-to-end solution for the trading and settlement of digital assets, including the SIX Digital Exchange (SDX), once operationally live.”
Several traditional asset managers have jumped on the digital asset bandwagon recently.
The most recent to join the trend was Julius Baer who launched its digital assets service, in association with crypto-bank SEBA, last month.
At the same time, Vontobel’s new Digital Asset Vault service enables banks and wealth managers in Switzerland to deposit, buy and sell virtual currency on behalf of clients.
Additionally, private bank Falcon started accepting direct transfers of selected cryptocurrencies, including Bitcoin, for private and institutional clients.